Q&A · ESMA
C(10) category and ancillary activity calculations
Answered
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C(10) commodity derivatives count towards the ancillary-activity test only if their underlyings fall within the position limits regime; other C(10) contracts are excluded, so the category is treated consistently across the MiFID II commodity provisions.
Details
| Reference | ESMA_QA_1524 |
|---|---|
| Issuer | ESMA |
| Published | 4 Oct 2017 |
| Answered | 4 Oct 2017 |
| Submitted | 4 Oct 2017 |
| ESMA topics | Ancillary activity |
| Earlier Q&A document | ESMA 70-872942901-36 Commodity derivatives Q&A, Q&A 3.11 |
Provisions it relates to
- Article 2 MiFID II · ExemptionsInferred · 85%
- MiFID II (whole act)Explicit reference